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Euro Strikes 10-Year Low against Yen as Crisis Worsens</title>
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<div class="newsDisp" id="resizeableText" style='text-align: justify;'>The worsening situation in the Eurozone sent the common currency on a nosedive against the safe haven Japanese Yen, striking a 10-year low, to fall below key technical levels as well as option barrier. The Euro also slumped to a 7-month trough against the U.S. Dollar. Growing worries over whether or not Greece will default on its debt obligations is keeping the single currency under significant pressure. <br /><br>	<br /><br>	As reported at 2:31 p.m. (JST) in Tokyo, the Euro was trading down 1.6% against the Japanese Yen to 104.10 Yen, the lowest price in a decade. Against the greenback, it fell 1% to $1.3520, after falling to $1.3494, the lowest price for the EUR/USD pair since February. <br /><br>	<br /><br>	Viewed as a barometer of risk appetite, the Australian Dollar lost 1.6% of its value in Asian trading, dropping to a 3-week low and below the 200-day moving average. The AUD/USD pair fell to $1.0340 at one point in the session.<br /><br>	<br /><br>	As one analyst in Tokyo pointed out, the Eurozone's troubles don't seem to ever completely resolve; a new one just compounds the old. Now, markets are worried that France's banks could be hit with a ratings downgrade even as Italy's sovereign debt is also in jeopardy of a downgrade, as Moody's 90-day deadline approaches.<br /><br>	</span></span></p><br></div>
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<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441207'>Flydubai to launch Tbilisi route</a> </b> ,<small>MENAFN</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN) Flydubai's CEO, Ghaith Al Ghaith, said that the carrier would launch its service to Tbilisi, the capital of Georgia, to become Flydubai's 45th destination on its network, reported Khaleej  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441204'>Saudi private sector's salaries to go up 5% in next 12 months</a> </b> ,<small>MENAFN</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN) The Hay Group, a global management consulting firm, said that over the next twelve months, salaries at Saudi's private sector would go up by 5 percent, reported Arabian Business.

The  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441201'>Bahrain's 2011 economy to avoid recession</a> </b> ,<small>MENAFN</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN) Business Monitor International (BMI) said that this year, Bahrain's economy wouldn't fall into recession due to the government's growing spending along with external financial aid, reported  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441186'>Oman Air inks deal to promote inbound, outbound tourism</a> </b> ,<small>MENAFN</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN) Oman Air's COO, Abdulrazaq Alraisi, said that the carrier signed a deal with Bahwan Travel Agencies to launch Oman's largest travel company in order to promote inbound and outbound tourism,  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441227'>Oasis500 Holds Its 2nd Angel Network Event
</a> </b> ,<small>MENAFN Press</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN Press) Offering new investment ideas to the MENA region

Oasis500, the MENA Region's premier early stage and seed investment company, held its 2nd Angel Network Event on 12th September  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441226'>Oasis500 Holds Its 2nd Angel Network Event
</a> </b> ,<small>MENAFN Press</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN Press) Offering new investment ideas to the MENA region

Oasis500, the MENA Region's premier early stage and seed investment company, held its 2nd Angel Network Event on 12th September  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
<TD valign='top' width='100%' class='txtGray' align='left'>
<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441167'>IMF prepared to provide Libya with external financing</a> </b> ,<small>MENAFN</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN) The International Monetary Fund's (IMF) director of the Middle East and Central Asia department, Masood Ahmed, said that the fund was ready to give Libya external financing if needed,  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
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<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441224'>Tourists return to Sharjah in big numbers this summer</a> </b> ,<small>MENAFN Press</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN Press) International tourists are once again flocking to Sharjah in extraordinary numbers this summer.  The month of July, the peak of summer vacation in the Gulf and elsewhere, witnessed a  ...</TD>
</TR>
<TR>
<TD valign='top'  class='txtGray' valign='top' nowrap= >
Sep 13 2011
</TD>
<td valign='top'><img src=/images/shared_images/blt_news.gif  vspace=2 border=0 /></td>
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<b> <a class='newsDispMoretitle' href  = '
../../qn_news_story_s.asp?StoryId=1093441214'>Entries now closed for 2011 Etisalat Award for Arabic Children's Literature</a> </b> ,<small>MENAFN Press</small></TD>
</TR>
<TR>
<td valign='top' colspan='2'></td>
<TD valign='top' class='txtGray storyshort' align='left'>
(MENAFN Press) The UAE Board on Books for Young People (UAEBBY) has announced that entries for the third edition of the Etisalat Award for Arabic Children's Literature have now closed. The closing  ...</TD>
</TR>
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